Author Topic: Paid off a $30K debt today! With a twist. ..  (Read 1995 times)

Urchina

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Paid off a $30K debt today! With a twist. ..
« on: December 11, 2015, 02:53:58 PM »
Paid off a $30k debt today. What makes this an example of Mustachian badassity is that it's a debt we owed ourselves - we reallocated money from our kids' college fund to put a down payment on our house 2 years ago and have been refilling that pot since. 

So glad that's done and we can move on to the next financial goal!

Two9A

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Re: Paid off a $30K debt today! With a twist. ..
« Reply #1 on: December 12, 2015, 05:26:14 AM »
Hope you paid yourself interest... ;)

Dicey

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Re: Paid off a $30K debt today! With a twist. ..
« Reply #2 on: December 14, 2015, 05:14:00 PM »
Good for you. I believe the only fair thing to do is calculate what the college fund investments would have earned in two years and refill the pot accordingly. Eighteen years is not a ton of timeline to completely fund a college education, so two years out of the market really effects the total. Congrats, but keep going just a little bit longer. Now, if your kid's funds are fully loaded, please disregard this comment.

StockBeard

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Re: Paid off a $30K debt today! With a twist. ..
« Reply #3 on: December 15, 2015, 12:32:46 PM »
Congrats!